Jeffrey J. Brown - Aug 14, 2023 Form 4 Insider Report for MEDIFAST INC (MED)

Role
Director
Signature
/s/ Jason L. Groves, attorney-in-fact
Stock symbol
MED
Transactions as of
Aug 14, 2023
Transactions value $
-$3,492,041
Form type
4
Date filed
8/16/2023, 05:58 PM
Previous filing
Aug 10, 2023
Next filing
Oct 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MED Common Stock Sale -$1.4M -15.2K -39.55% $92.60 23.2K Aug 14, 2023 By Brown Equity Partners, LLC F1, F2
transaction MED Common Stock Sale -$883K -9.83K -42.45% $89.79 13.3K Aug 15, 2023 By Brown Equity Partners, LLC F2, F3
transaction MED Common Stock Sale -$1.21M -13.3K -100% $90.47 0.638 Aug 15, 2023 By Brown Equity Partners, LLC F2, F4
holding MED Common Stock 5.73K Aug 14, 2023 Direct
holding MED Common Stock 4.14K Aug 14, 2023 Jeffrey Brown Living Trust F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $92.50 to $92.95, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 1, 3, and 4 herein.
F2 These shares were held by Brown Equity Partners, LLC ("BEP"), for which the reporting person is the managing member.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $89.36 to $89.96, inclusive.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $90.03 to $90.93, inclusive.
F5 These shares are directly owned by Jeffrey Brown Living Trust, for which the reporting person is the sole trustee and sole beneficiary.